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Former Karnali Development Bank CEO arrested in Rs 2.5 billion embezzlement case

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KATHMANDU: The Central Investigation Bureau (CIB) of Nepal Police has apprehended Rajendra Bir Rai, the former board director and Chief Executive Officer of Karnali Development Bank, who had been on the run after allegedly embezzling over Rs 2.5 billion. According to CIB officials, Rai was arrested on Saturday from Belahiya, located in Siddharthanagar Municipality-1 of […]
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